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203(k) Loans

Considering buying a home in need of repairs? Overall, Rhode Island’s housing stock is the fourth oldest in the nation. While older homes offer details and craftsmanship many homebuyers seek, an older housing stock tends to have greater needs for improvements.

That’s why the FHA 203(k) Mortgage Loan Program is a perfect solution for today’s homebuyer. The program allows homebuyers to borrow money, using one loan, for both improvements and home purchase.

203(k) Homebuyer Education
In addition to our general Homebuyer Education class, we offer a 203(k) class for homebuyers considering purchasing a home in need of repairs. This class will help you understand the qualifications and how to apply. It is required for our FHA 203(k) loan program. Click here to learn more.

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